14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AES
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

The AES Corporation stock downgraded to Buy Candidate
(Updated on May 03, 2024)

Buy or Hold candidate since Apr 23, 2024 Gain 8.87% PDF

The The AES Corporation stock price fell by -1.48% on the last day (Friday, 3rd May 2024) from $18.93 to $18.65. During the last trading day the stock fluctuated 7.28% from a day low at $18.35 to a day high of $19.68. The price has risen in 8 of the last 10 days and is up by 13.72% over the past 2 weeks. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 11 million shares were bought and sold for approximately $201.74 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $18.96 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.12% during the next 3 months and, with a 90% probability hold a price between $17.66 and $21.07 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AES Signals & Forecast

The The AES Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $17.98 and $17.09. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -1.48%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for The AES Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $16.25 and $16.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The AES Corporation finds support just below today's level at $16.25. If this is broken, then the next support from accumulated volume will be at $16.00 and $15.76.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.34 between high and low, or 7.28%. For the last week, the stock has had daily average volatility of 4.67%.

The The AES Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $18.10 (-2.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (AES) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect The AES Corporation to open at $18.89, and during the day (based on 14 day Average True Range), to move between $17.99 and $19.31, which gives a possible trading interval of +/-$0.655 (+/-3.51%) up or down from last closing price. If The AES Corporation takes out the full calculated possible swing range there will be an estimated 7.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.93 (1.50%) than the support at $16.25 (12.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is The AES Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The AES Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.387 Buy Candidate Downgraded

Predicted Opening Price for The AES Corporation of Monday, May 6, 2024

Fair opening price May 6, 2024 Current price
$18.89 ( 1.30%) $18.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AES

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.23 8.45 %
R2 19.72 5.72 %
R1 19.40 4.03 %
Current price: 18.65
Support S1 18.38 -1.44 %
S2 18.07 -3.13 %
S3 17.56 -5.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 18.93 1.50 %
Current price 18.65
Support S1 16.25 -12.87%
S2 16.00 -14.21%
S3 15.76 -15.50%

AES Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Apr 30, 2024 May 15, 2024 $0.173 0.92%
2 Dec 08, 2023 Feb 01, 2024 Feb 15, 2024 $0.173 1.03%
3 Dec 08, 2023 Jan 31, 2024 Feb 15, 2024 $0.173 1.03%
4 Oct 06, 2023 Nov 01, 2023 Nov 15, 2023 $0.166 0.98%
5 Oct 06, 2023 Oct 31, 2023 Nov 15, 2023 $0.166 0.98%

FAQ

What is the symbol for The AES Corporation Stock and on which exchange is it traded?
The symbol for The AES Corporation is AES and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell The AES Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The AES Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy The AES Corporation Stock?
The AES Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy The AES Corporation Stock.

What's the current price of The AES Corporation Stock?
As of the end of day on the May 03, 2024, the price of an The AES Corporation (AES) share was $18.65.

What is the 52-week high and low for The AES Corporation Stock?
The 52-week high for The AES Corporation Stock is $23.06 and the 52-week low is $11.43.

What is the market capitalization of The AES Corporation Stock?
As of the May 03, 2024, the market capitalization of The AES Corporation is 13.456B.

When is the next earnings date for The AES Corporation?
The upcoming earnings date for The AES Corporation is Aug 01, 2024.
Click to get the best stock tips daily for free!

About The AES Corporation

The AES The AES Corporation operates as a diversified power generation and utility company. It owns and/or operates power plants to generate and sell power to customers, such as utilities, industrial users, and other intermediaries. The company also owns and/or operates utilities to generate or purchase, distribute, transmit, and sell electricity to end-user customers in the residential, commercial, industrial, and governmental sectors; and generates and... AES Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT